Fidelity Bond

9 Sep 2022

Fidelity Bond of New SK Chairperson and SK Treasurer

Dear GABOTAF, Hi. Ask ko lang po kasi sa barangay po namin may bagong SK Chairman and SK Treasurer. Ano po yun magrerenew na lang po ba sila ng bond o mag-aapply po ng panibago? ••• ••• Dear, Sender:While the following information were lifted from Treasury Circular No. 02-2009 or the Revised Omnibus Regulations Governing the Fidelity Bonding of Accountable Public Officers pursuant to the Public Bonding Law, it is still wise for you to clarify these from the Bureau of the Treasury (BTr). 💡 An approved fidelity bond is non-transferable and personal to the accountable officer. 💡 The approved...

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7 Dec 2020
What does it mean by “Maximum Cash Accountability” for purposes of Fidelity Bond?

What does it mean by “Maximum Cash Accountability” for purposes of Fidelity Bond?

[ad_1] Question: Hello po gabotaf, good evening. Accountable Officer is bonded as disbursing officer. Maximum cash accountbility po is 100,000 but the AO was given a cash advance of 120,000. What violation was committed? If error was done in good faith ( nakaligtaan na 100k pala ang max), ano po pwedeng remedies? Subject for disallowance po ba agad? Thank you po. More forums concerning #FidelityBond: https://gabotaf.com/search_gcse/?q=Fidelity%20Bond Answers | Comments [ad_2] Post Views: 1,367

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21 May 2020

[Exclusive] BTr’s Guidelines on the Renewal of Expired Fidelity Bonds

Question: Can anyone provide BTr guidelines re expiration of Fidelity Bond during the ECQ period? Thanks. P.S. Wala akong mahanap sa website nila. As of this posting, there are 11+ comments on this question. Hereunder are some of the comments of our colleagues: Nag-accept sila ng online application of bond, may staff ng BTr na nagreach out sa mga treasurers [ng LGUs] through email for the processing of bonds. Juan*** Opo meron pong email ang BTR sa mga treasurers, nakapost na po for your reference, baka makatulong. Sumilang*** Join our Facebook Group to get full access to all the comments...

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3 Mar 2020

LOOK: A 1997 Treasury Order says Government Accountants who are withholding agents should be bonded

One of our colleagues shared to us a Treasury Order that states, all accountants of national government agencies (NGAs), local government units (LGUs), government-owned and controlled corporations (GOCCs), and Self-Governing Boards and Commissions who are withholding agents are required to post bonds as mandated by law. Here’s a copy of the said Treasury Order: In Treasury Circular No. 02-2009 dated August 6, 2009, a bondable/accountable officer is defined as follows: Point of Discussion: Is Treasury Order No. 32-97 still applicable considering Treasury Circular No. 02-2009? View Answers via our Facebook Page Post Views: 1,442

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